Mutual of America Capital Management LLC Sells 1,868 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Posted by Defense World Staff on Aug 6th, 2023

Mutual of America Capital Management LLC reduced its position in Houlihan Lokey, Inc. (NYSE:HLI – Free Report) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,525 shares of the financial services provider’s stock after selling 1,868 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Houlihan Lokey worth $3,546,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its stake in Houlihan Lokey by 113,571.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,157,263 shares of the financial services provider’s stock worth $449,507,000 after acquiring an additional 5,152,726 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Houlihan Lokey by 127.6% during the 4th quarter. Morgan Stanley now owns 931,264 shares of the financial services provider’s stock valued at $81,169,000 after purchasing an additional 522,178 shares in the last quarter. Norges Bank acquired a new stake in Houlihan Lokey in the 4th quarter valued at approximately $43,734,000. Alliancebernstein L.P. raised its position in Houlihan Lokey by 18.2% in the 4th quarter. Alliancebernstein L.P. now owns 2,845,604 shares of the financial services provider’s stock valued at $248,023,000 after buying an additional 437,656 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Houlihan Lokey by 70.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,035,171 shares of the financial services provider’s stock worth $90,226,000 after purchasing an additional 428,190 shares during the last quarter.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Irwin Gold sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $91.23, for a total transaction of $912,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $90.74, for a total transaction of $90,740.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Irwin Gold sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $91.23, for a total transaction of $912,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,389 shares of company stock worth $1,488,535. 27.90% of the stock is currently owned by insiders.

Houlihan Lokey Stock Up 0.0 %

Shares of Houlihan Lokey stock opened at $100.25 on Friday. The firm’s 50-day moving average price is $96.88 and its two-hundred day moving average price is $93.77. Houlihan Lokey, Inc. has a 12-month low of $74.18 and a 12-month high of $108.43. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 26.59 and a beta of 0.79.

Houlihan Lokey (NYSE:HLI – Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.13). Houlihan Lokey had a net margin of 14.38% and a return on equity of 19.65%. The company had revenue of $415.83 million during the quarter, compared to analyst estimates of $438.00 million. During the same quarter in the previous year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, sell-side analysts expect that Houlihan Lokey, Inc. will post 4.39 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $2.20 annualized dividend and a yield of 2.19%. Houlihan Lokey’s dividend payout ratio is presently 58.36%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on Houlihan Lokey from $81.00 to $101.00 in a research report on Wednesday, July 12th. StockNews.com assumed coverage on shares of Houlihan Lokey in a research report on Thursday, May 18th. They set a “hold” rating on the stock.

Houlihan Lokey Company Profile

(Free Report)

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.